Buyer resistance saps rubber

Our Bureau Updated - October 05, 2018 at 09:10 PM.

KOTTAYAM, KERALA, 26/07/2016: Rising rubber price has brought cheer to farmers with small holdings and they have begun to use rainguards during the monsoon in Kottayam district. Photo: H. Vibhu

Spot rubber ended weak on Friday. RSS-4 slid to ₹128.50 (129) a kg, according to traders and the Rubber Board. The market lost ground during late trading hours on buyer resistance. RSS-3 (spot) firmed up to ₹106.85 (106.71)at Bangkok. Its October futures improved to ₹102.80 (102.57) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 128.50 (129); RSS-5: 124 (124.50); ISNR 20: 116 (116) and Latex (60% drc): 101.50 (102).

Published on October 5, 2018 13:53